SWS June Insights
- jloreto5
- Jun 6, 2024
- 1 min read
Updated: Sep 23, 2024
S&P 500 crecovers from tough April amid Earnings and Inflation data
The S&P 500 bounced after April’s pullback, gaining 4.96% in the month, with a substantial portion of those gains happening in the first half of the month. Small caps slightly outperformed while mid-caps underperformed with the Russell 2000 gaining 5.01% and the Russell Midcap gaining 2.85%. Globally, developed markets largely kept pace with US markets with the MSCI EAFE up 3.87% while emerging markets lagged, gaining 0.56%. In May new record highs were set in both the S&P 500 and the Dow Jones Industrial Average. The first quarter earnings season along with the latest inflation report helped boost investors’ mood and, at least in part, fuel part of the gains across the month.
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